Services, Inequality, and the Dutch Disease

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dc.creatorBattaile, Bill
dc.creatorChisik, Richard
dc.creatorOnder, Harun
dc.date2014-08-15T16:05:46Z
dc.date2014-08-15T16:05:46Z
dc.date2014-07
dc.date.accessioned2026-07-01T00:55:36Z
dc.descriptionThis paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource tradable sectors is pulled into these service sectors. As a result, manufactures and other tradable goods are more likely to be imported, and learning and productivity improvements accrue to the foreign exporters. However, once the natural resources diminish, there is less income to purchase the services and non-resource tradable goods. Thus, the temporary gain in purchasing power translates into long-term stagnation. As opposed to conventional models where income distribution has no effect on economic outcomes, an unequal distribution of the rents from resource wealth further intensifies the Dutch disease dynamics within this framework.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/07/19760476/services-inequality-dutch-disease
dc.identifierhttps://hdl.handle.net/10986/19359
dc.identifierhttps://doi.org/10.1596/1813-9450-6966
dc.identifier.urihttp://hdl.handle.net/123456789/413052
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 6966
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE CONSUMPTION
dc.subjectAGGREGATE DEMAND
dc.subjectAGGREGATE DEMANDS
dc.subjectAGRICULTURE
dc.subjectAUTOMOBILES
dc.subjectBENCHMARKING
dc.subjectBILL
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE BOOM
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSOLIDATION
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMERS
dc.subjectCURRENCY
dc.subjectCURRENCY APPRECIATION
dc.subjectDEBT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIRECT PAYMENTS
dc.subjectDISTORTIONS
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDUTCH DISEASE
dc.subjectE-MAIL
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS LITERATURE
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectEMERGING MARKETS
dc.subjectEMERGING MARKETS FINANCE
dc.subjectEQUATIONS
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM CONDITIONS
dc.subjectEXCESS DEMAND
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE-RATE
dc.subjectEXPORT REVENUE
dc.subjectEXPORT REVENUES
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFREE TRADE
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGOLD
dc.subjectHOME COUNTRY
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME EFFECT
dc.subjectINCOME ELASTICITY
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINSPECTION
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR SUPPLY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMANUFACTURING
dc.subjectMARGINAL PROPENSITY TO CONSUME
dc.subjectMARKET CONDITIONS
dc.subjectMARKET EQUILIBRIUM
dc.subjectMATHEMATICAL PROPERTIES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectOIL EXPORTS
dc.subjectOIL MARKET
dc.subjectOIL REVENUES
dc.subjectOPEN ACCESS
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPHONE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE OF GOOD
dc.subjectPRICE OF OIL
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTIVITIES
dc.subjectPRODUCTIVITY
dc.subjectPURCHASING POWER
dc.subjectREAL EXCHANGE RATE
dc.subjectREMITTANCES
dc.subjectRENTS
dc.subjectRESOURCE MOVEMENT EFFECT
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSOCIAL SERVICES
dc.subjectSTRUCTURAL CHANGE
dc.subjectTAXATION
dc.subjectTIME PERIOD
dc.subjectTRADABLE GOODS
dc.subjectUSES
dc.subjectUTILITY FUNCTION
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWEB
dc.subjectWORLD DEMAND
dc.subjectWORLD MARKETS
dc.titleServices, Inequality, and the Dutch Disease

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